Stay: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Stay
Largest movements
- Tangible fixed assets -€15,531
down €15,531 (-4.0%), from €391,198 to €375,667
of which Land and buildings: -€8,014
- Current investments -€14,185
down €14,185 (-36.2%), from €39,175 to €24,990
- Debts after one year -€72,650
down €72,650 (-30.6%), from €237,187 to €164,537
- Reserves +€47,429
up €47,429 (+53.7%), from €88,351 to €135,780
of which Distributable reserves: +€47,429
- Tax, wage and social debts -€18,794
down €18,794 (-52.9%), from €35,498 to €16,704
of which Taxes: -€20,755
- Short-term financial debts +€17,726
up €17,726 (+2,042%), from €868 to €18,594
- Current portion of long-term debt -€10,270
down €10,270 (-38.1%), from €26,920 to €16,650
- Gross operating margin -€25,334
down €25,334 (-21.4%), from €118,568 to €93,233
- Financial charges -€5,294
down €5,294 (-55.8%), from €9,495 to €4,201
- Financial income -€4,423
down €4,423 (-60.7%), from €7,282 to €2,859
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €466,794 | €436,341 | -€30,452 | -6.5% |
| Fixed assets | 21/28 | €391,498 | €375,967 | -€15,531 | -4.0% |
| Tangible fixed assets | 22/27 | €391,198 | €375,667 | -€15,531 | -4.0% |
| Land and buildings | 22 | €336,057 | €328,043 | -€8,014 | -2.4% |
| Plant, machinery and equipment | 23 | €1,117 | €806 | -€311 | -27.8% |
| Furniture and vehicles | 24 | €20,517 | €13,369 | -€7,149 | -34.8% |
| Other tangible fixed assets | 26 | €33,507 | €33,450 | -€58 | -0.2% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €75,295 | €60,375 | -€14,921 | -19.8% |
| Amounts receivable within one year | 40/41 | €23,252 | €23,903 | +€650 | +2.8% |
| Trade receivables | 40 | €22,938 | €23,577 | +€639 | +2.8% |
| Other amounts receivable | 41 | €314 | €326 | +€11 | +3.6% |
| Current investments | 50/53 | €39,175 | €24,990 | -€14,185 | -36.2% |
| Cash at bank and in hand | 54/58 | €7,622 | €6,476 | -€1,147 | -15.0% |
| Deferred charges and accrued income | 490/1 | €5,246 | €5,006 | -€240 | -4.6% |
| Total equity and liabilities | 10/49 | €466,794 | €436,341 | -€30,452 | -6.5% |
| Equity | 10/15 | €162,616 | €210,045 | +€47,429 | +29.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €88,351 | €135,780 | +€47,429 | +53.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €86,491 | €133,920 | +€47,429 | +54.8% |
| Profit (loss) carried forward | 14 | €55,665 | €55,665 | +€0 | 0.0% |
| Amounts payable | 17/49 | €304,178 | €226,296 | -€77,881 | -25.6% |
| Amounts payable after more than one year | 17 | €237,187 | €164,537 | -€72,650 | -30.6% |
| Financial debts | 170/4 | €237,187 | €164,537 | -€72,650 | -30.6% |
| Amounts payable within one year | 42/48 | €66,991 | €61,759 | -€5,231 | -7.8% |
| Current portion of amounts payable after more than one year | 42 | €26,920 | €16,650 | -€10,270 | -38.1% |
| Financial debts | 43 | €868 | €18,594 | +€17,726 | +2,042% |
| Credit institutions | 430/8 | €868 | €18,594 | +€17,726 | +2,042% |
| Trade debts | 44 | €1,961 | €3,292 | +€1,331 | +67.9% |
| Suppliers | 440/4 | €1,961 | €3,292 | +€1,331 | +67.9% |
| Taxes, remuneration and social security | 45 | €35,498 | €16,704 | -€18,794 | -52.9% |
| Taxes | 450/3 | €33,508 | €12,754 | -€20,755 | -61.9% |
| Remuneration and social security | 454/9 | €1,990 | €3,950 | +€1,961 | +98.6% |
| Other amounts payable | 47/48 | €1,744 | €6,520 | +€4,776 | +274% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,136 | €20,745 | -€390 | -1.8% |
| Other operating charges | 640/8 | €2,062 | €2,278 | +€216 | +10.5% |
| Gross operating margin | 9900 | €118,568 | €93,233 | -€25,334 | -21.4% |
| Operating profit (loss) | 9901 | €95,370 | €70,209 | -€25,160 | -26.4% |
| Financial income | 75/76B | €7,282 | €2,859 | -€4,423 | -60.7% |
| Recurring financial income | 75 | €7,282 | €2,859 | -€4,423 | -60.7% |
| Financial charges | 65/66B | €9,495 | €4,201 | -€5,294 | -55.8% |
| Recurring financial charges | 65 | €9,495 | €4,201 | -€5,294 | -55.8% |
| Profit (loss) for the period before taxes | 9903 | €93,157 | €68,868 | -€24,290 | -26.1% |
| Income taxes | 67/77 | €22,354 | €21,439 | -€915 | -4.1% |
| Profit (loss) for the period | 9904 | €70,803 | €47,429 | -€23,374 | -33.0% |
| Profit (loss) for the period to be appropriated | 9905 | €70,803 | €47,429 | -€23,374 | -33.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.